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$75M NCAA Concussion Settlement Rejected By Judge

An Illinois federal judge on Wednesday rejected a $75 million settlement to resolve lawsuits brought by ex-NCAA athletes claiming they have suffered long-term damage from concussions, telling parties to resume negotiations because he has concerns about the fairness of the deal.

  • Fed. Circ. Strikes Down More Myriad Cancer Test Patents

    The Federal Circuit ruled Wednesday that three Myriad Genetics Inc. breast cancer test patents are invalid for claiming patent-ineligible subject matter, another major setback for the company after the U.S. Supreme Court ruled last year that it could not patent human genes.

  • Avon China Pleads Guilty In $135M DOJ, SEC Deal

    Avon Products Inc. received court approval Wednesday for half of a $135 million settlement to end DOJ and SEC investigations over the beauty giant's business practices in China, as its unit based there entered a guilty plea to Foreign Corrupt Practices Act misdeeds.

  • 4 Freedom Industries Execs Indicted Over W.Va. Spill

    Four Freedom Industries executives were charged Wednesday with criminal violations of the Clean Water Act and negligent operation of their Elk River facility for a massive chemical spill in January that left 300,000 West Virginia residents without usable water for days.

  • CFPB Sues Sprint Over Alleged Bill Cramming

    The Consumer Financial Protection Bureau — in what is seen as an expansion of the bureau’s reach — on Wednesday sued Sprint Corp., alleging that the mobile phone carrier illegally crammed tens of millions of dollars in illegal, unauthorized charges onto consumers' bills.

  • Obama To Start Normalizing US-Cuba Relations

    President Barack Obama announced the U.S. will begin normalizing diplomatic relations with Cuba for the first time since 1961, saying the nation's “outdated” sanctions policy had failed and lifting restrictions on interstate money exchange, travel, trade, telecommunications and third-country financial transactions after the release of an imprisoned American contractor.